Help Sov Trico Company set the following standard unit costs for its single product. Direct materials (30 Ibs. @ $5.00 per Ib.) Direct labor (7 hrs. @ $14 per hr.) Factory overhead-variable (7 hrs. @ $7 per hr.) Factory overhead-fixed (7 hrs. @ $9 per hr.) Total standard cost $150.00 98.00 49.00 63.00 $360.00 The predetermined overhead rate is based on a planned operating volume of 80% of the productive capacity of 51,000 units per quarter. The following flexible budget information is available. Operating Levels 70% 80% 90% 35,700 40,800 45,900 249,900 285,600 321,300 Production in units Standard direct labor hours Budgeted overhead Fixed factory overhead Variable factory overhead $2,570,400 $2,570,400 $2,570,400 $1,749,300 $1,999,200 $2,249, 100 During the current quarter, the company operated at 90% of capacity and produced 45,900 units of product; actual direct labor totaled 317,300 hours. Units produced were assigned the following standard costs. Direct materials (1,377,000 lbs. @ $5.00 per Ib.) Direct labor (321,300 hrs. @ $14 per hr.) Factory overhead (321,300 hrs. @ $16 per hr.) Total standard cost $ 6.885,000 4,498,200 5,140, 800 $16,524,000 Actual costs incurred during the current quarter follow. Direct materials (1,358,000 lbs. @ $7.80 per $10,592,400 1b.) Direct labor (317, 300 hrs. @ $11.00 per hr.) 3,490,300 Fixed factory overhead costs 2,448,500 Variable factory overhead costs 2,292,300 Total actual costs $18,823,500 arch (a) Compute the variable overhead spending and efficiency variances. (Round "cost per unit" and "rate per hour" answers to 2 decimal places.) AH = Actual Hours SH = Standard Hours AVR = Actual Variable Rate SVR = Standard Variable Rate Actual Variable OH Cost Flexible Budget Standard Cost (VOH applied) - 4 IN e to search Required information (b) Compute the fixed overhead spending and volume variances. (Round "cost per unit" and "rate per hour" answers to 2 decimal places.) AH = Actual Hours SH = Standard Hours AFR = Actual Fixed Rate SFR = Standard Fixed Rate Actual Fixed OH Cost Budgeted Overhead Standard Cost (FOH applied) ENG search ORI DLL (c) Compute the total overhead controllable variance. Overhead Controllable Variance Total overhead controllable variance
